In an era where innovation is currency, the financial sector is not left behind. The news is abuzz with one such stride in the banking industry — the integration of Mbanq into the Banking-as-a-Service (BaaS) Association. This move represents more than just an addition to a list of names; it's a
The recent shift in the retirement landscape has led many Americans to reconsider their exit from the workforce. With the rising cost of living nudging some retirees back into the job market, "unretiring" is becoming an increasingly popular choice. However, this decision comes with a unique set of
In a significant security incident, Santander Bank fell victim to a hefty cyberattack conducted by the notorious hacking group ShinyHunters. This event unfolded in May, coinciding with another targeted attack on Ticketmaster. Millions of customers and employees of Santander Bank were affected as
The financial industry has been undergoing a profound and accelerated transformation driven by the innovation engine of financial technology, or fintech. This amalgamation of finance and cutting-edge tech is streamlining services, expanding access, and offering unprecedented convenience to
The House of Representatives has recently passed a significant piece of legislation that could reshape the cryptocurrency landscape in the United States. The "Financial Innovation and Technology for the 21st Century Act" (FIT21) showcases bipartisan support but now awaits a potentially tougher
The European Banking Authority (EBA)'s role extends beyond mere oversight, actively shaping the robust infrastructure necessary for a stable EU financial market. Through its rigorous EU-wide stress testing, the EBA challenges banks against hypothetical adverse market conditions, thus ensuring
In an era where technology is rapidly advancing, the financial sector is eagerly looking towards innovative solutions that can cater to modern demands with agility and precision. BKN301's recent launch of its BaaS Orchestrator is set to be a game-changer in the fintech landscape. This platform is
At the dawn of a transformative era, the global retail banking market, valued at USD 2.05 trillion as of 2023, is forging ahead with a projected upswing to a staggering USD 3.34 trillion by 2031. This market, fundamental to the financial well-being of individuals, is elevating its stance through a
When it comes to the intersection of financial service and innovative technology, not all collaborations stand the test of time. Yet, Foundever™, previously known as Sitel Group and Sykes, stands out with their more than two-decade-long partnership with a leading banking disruptor. What's truly
In the complex landscape of financial services regulations, the Swiss Financial Services Act (FinSA) and Financial Institutions Act (FinIA) have become pivotal legislations that govern the operations of External Asset Managers (EAMs). Compliance with these requirements has proven to be a daunting
